Turkcell sees 29% profits jump

20 Aug 2007

Turkcell has posted a second quarter net profit of USD274 million, up 29% year-on-year, on the back of a USD1.5 billion increase in quarterly revenues. Revenue growth for the year is forecast at 20%, Reuters reports, with expectations of continued subscriber uptake and a strong performance by the Turkish lira. Turkcell added 1.5 million net new customers in the three months to the end of June, taking its total user base to 33.8 million.

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